Nepali Stock Market Plummets as NEPSE Index Drops Significantly

Kathmandu. On the second trading day of the week, the Nepali stock market saw a major decline. The NEPSE index fell by 47.71 points, settling at 2831.39 points.

Today, shares of a total of 341 companies were traded, amounting to 3 crore 16 lakh 6 thousand shares, with a total transaction value of 12 billion 96 crore rupees.

In today's market, the share prices of 237 companies declined, while only 26 companies saw their prices increase. The price of 5 companies remained stable.

Despite the overall market downturn, four companies hit a positive circuit breaker. The share prices of Reliance Spinning Mills, Bhujung Hydropower, Rizi Energy, and Hotel Forest Inn increased by 10 percent. Similarly, the price of Super Khudi Hydropower increased by 9.99 percent.

The biggest loser was Solu Hydropower, whose price dropped by 7.79 percent. Conversely, the price of Unique Nepal Laghubitta increased by 7.23 percent.

In terms of transaction volume, Ridi Power Company topped the list today. Over 68 crore 41 lakh rupees worth of shares of this company were traded. Following this, Nadi Group Power saw transactions worth 43 crore 81 lakh rupees, and Shivam Cement saw transactions worth 43 crore 80 lakh rupees.

The market took a negative turn following the uncertainty seen in political circles and the government's proactive stance on money laundering and investigations.